Aarti Industries Limited

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March 29, 2023 To, Listing/Complianpce Department BSE LTD. Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001. BSE CODE –524208 Dear Sir/Madam, To, Listing/Compliance Depa

17%

ith IPRs for customized products ▪ Strategically located: In western India with proximity to ports 17% 15% ₹5,036 Cr. 5-Year Revenue CAGR (excl. termination & Shortfall income) 5-Year EBITDA CAGR

15%

PRs for customized products ▪ Strategically located: In western India with proximity to ports 17% 15% ₹5,036 Cr. 5-Year Revenue CAGR (excl. termination & Shortfall income) 5-Year EBITDA CAGR (excl

₹5,036

or customized products ▪ Strategically located: In western India with proximity to ports 17% 15% ₹5,036 Cr. 5-Year Revenue CAGR (excl. termination & Shortfall income) 5-Year EBITDA CAGR (excl. termina

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ck for FY22 Geographical Revenue break-up (FY22) 100+ Products 1,100+ Domestic & Global Customers 60 Exporting countries 16 Manufacturing Plants 11 Zero Liquid Discharge Plants 6000+ Employees 2

37%

l Highlights FY1992 FY2013 Business Finance Assets Sales (In Rs. Cr.) 25 2274 Exports (%) 37% 52% EBITDA (In Rs. Cr.) Gross Block (In Rs. Cr.) 6 11 365 1215 The financial numbers prese

52%

hlights FY1992 FY2013 Business Finance Assets Sales (In Rs. Cr.) 25 2274 Exports (%) 37% 52% EBITDA (In Rs. Cr.) Gross Block (In Rs. Cr.) 6 11 365 1215 The financial numbers presented

49%

Financial Highlights FY2013 FY2018 Business Sales (In Rs. Cr.) 2274 3806 Exports (%) 52% 49% Finance EBITDA (In Rs. Cr.) 365 707 Assets Gross Block (In Rs. Cr.) 1215 3102 The financi

rs 2013

ktpa •Commercialised Nitro Toluene Plant •Signed two large multi-years contract with global players 2013 2014 2016 2017 2018 Commercialised the First of its kind Sulphuric Acid Concentration Facilit

3%

e Do (1/2) AIL received the gold award in the 2022 EcoVadis CSR assessment, placing us in the top 3% of evaluated companies globally ENVIRONMENT ● 11 sites are Zero Liquid Discharge (ZLD) ● Total w

45%

companies globally ENVIRONMENT ● 11 sites are Zero Liquid Discharge (ZLD) ● Total water recycled ~45% of the total water withdrawal in FY 22 ● More than 6010 KL water harvested through rainwater in FY

90%

water withdrawal in FY 22 ● More than 6010 KL water harvested through rainwater in FY 22 ● Recycled 90% waste, remaining 10% is responsibly disposed ● ● ● ● ● Sustainalytics rates Aarti as "Medium Ri

“● EC obtained and project works underway.”

“2,500-3,000 crore CAPEX by FY26 ● Phase-wise Commercialisation from H2FY25 ● Geographic Revenue Split: - - Domestic: 50-60% Exports: 40-50% ● End-use Industries: Agro & Pharma: 80%+ 31 32 Future Growth Opportunities Partnership with Global Companies • Collaborate with world’s leading chemical companies • Build on existing partnerships and build new ones • Contract Manufacturing/ CDMO Opportunities New Product Development • Explore new value Chains • Add new chemistry: e.g.”

“32 33 Outlook FY24 FY25 ◆ Macro Concerns on demand continuing from FY23 is expected to progressively improve in FY24.”

“◆ Ramp-up of capacities and higher operating leverages shall lead to EBITDA of about Rs.1700 crs (~25% CAGR over FY23).”

“FY26 and beyond ◆ EBITDA to grow by ~ 20-25% CAGR driven by ■ Zone 4 ramping up.”

Value Chain

1

Value Chain

(Range of products) Jhagadia Zone 4 Custom Manufacturing Opportunities Newer range of Value Added Speciality products Key Highlights ● Zone 4 at Jhagadia is spread across ~ 95 acres. ● EC obtained and project works underway. ● Adding new chemistries and 40+ value added products ● EBITDA margin ~ 25% - 30% ● Rs. 2,500-3,000 crore CAPEX by FY26 ● Phase-wise Commercialisation from H2FY25 ● Geographic Revenue Split: - - Domestic: 50-60% Exports: 40-50% ● End-use Industries: Agro & Pharma: 80%+ 31 32 Future Growth Opportunities Partnership with Global Companies • Collaborate with world’s leading chemical companies • Build on existing partnerships and build new ones • Contract Manufacturing/ CDMO Opportunities New Product Development • Explore new value Chains • Add new chemistry: e.g. Photochlorination, oxidation etc. • Expansion of existing Value chain Bio and Sunrise sector • Sustainable/ green products with focus on biochemistry • Battery chemicals, Electronics chemicals, new age materia